Trump crypto ventures added at least $2.3 billion to the president's family fortune while investors in the same projects lost about the same amount, according to a Reuters special report.
The international news agency said in a June 9 investigation that it reviewed blockchain records, corporate filings, online disclosures, public remarks and interviews with crypto executives. More than a dozen accounting and crypto experts reviewed Reuters' estimates and found them reasonable, the report said.
The analysis covered four Trump family crypto projects. They included:
- World Liberty Financial, a crypto venture backed by Donald Trump and his sons.
- TRUMP, a Solana-based memecoin tied to Trump's name and image.
- American Bitcoin, a Nasdaq-listed Bitcoin mining company.
- AI Financial Corp., the company formerly known as ALT5 Sigma.
Reuters said the pattern across the projects was similar. The Trump family risked little of its own money, family members promoted the ventures, investors bought in, and the family collected revenue or equity exposure while buyers later faced losses.
Read also: Trump-backed WLFI treasury says losses "raise substantial doubt" about survival
"In the best interest"
World Liberty Financial, a Trump-backed crypto venture that is currently fighting crypto billionaire Justin Sun, one of its largest known token buyers, in court, generated more than $1.6 billion for the Trump family.
- That figure included over $1.4 billion from governance token sales and about $230 million from other ventures, Reuters estimated.
- Investors in WLFI tokens lost about $674 million as of April 30, per the report.
The TRUMP memecoin generated about $616 million for the family, while buyers lost more than $700 million, Reuters said, referring to the token's price action, which lost nearly 98% from its January 2025 peak.
Reuters also said investors in AI Financial lost about $675 million after its stock fell from above $9 in August 2025 to $0.75 in April of this year.
Outside investors in American Bitcoin lost more than $200 million.
A White House spokesperson Anna Kelly didn't directly address Reuters' findings, saying Trump administration actions are taken "in the best interest of the American people."
More context: US watchdog sidelined staff who questioned Trump-linked crypto firms: report